On Dec. 6, 2021, the cryptocurrency industry saw the vast potential of one of the latest partnerships — Earnity and BitNile, raising $15 million in stock offerings. It is no surprise that Earnity founders Dan Schatt and Domenic Carosa have expressed their enthusiasm for partnering with a Bitcoin mining firm.
Today’s blog article takes a look at Earnity and what it brings to the table in its partnership with BitNile.
Raising $20 million in 2021
While the big news is that Earnity closed $15 million in stock offerings with BitNile toward the end of 2021, we must remember that the California-based cryptocurrency investment firm also raised an additional $5 million last year, bringing their total to over $20 million.
According to founders Domenic Carosa and Dan Schatt, their goal in creating Earnity is to provide users with an online marketplace that is developed and overseen by crypto and fintech veterans and experts. This platform will allow crypto users to earn, collect, learn about, and gift tokens or portfolios of digital assets. If successful, it will revolutionize the crypto industry.
Earnity also aims to decentralize financial products and provide open access to them, enabling more people everywhere to gain better control over their money, even those who don’t have a degree in cryptography. This endeavor will open the world of crypto to previously ignored audiences.
What will happen in 2022?
One of the first things Earnity will be doing in 2022 is launching its crypto beta platform, which is currently set for the first quarter.
Additionally, Earnity’s new partnership with BitNile bodes well for crypto users and those looking to enter the industry, as these companies have agreed to join forces to develop and co-promote portfolios of non-fungible tokens and other DeFi products and protocols.